First came the proposed merger of Fyffe and Chiquita brands last March, which fell through in October and now Brazil’s Cutrale and Safra have partnered to buy Chiquita and headquarter the company in Brazil, closing the company’s North Carolina Office. Fortune says, fruit is big business.
Guardian authors Rebecca Smithers and Dominic Rushe write:
According to Banana Link, a not-for-profit organisation campaigning for a fair and sustainable banana trade, the big fruit companies are relocating to countries in search of cheaper labour and weaker social and environmental legislation. Many workers in countries such as West Africa, the Dominican Republic and Ecuador do not receive a living wage and face appalling working conditions including 10- to 12-hour working days and exposure to harmful chemicals.